Last night in Zurich, Alexander Wang collected the prestigious Swiss Textile Award, a 100,000 euro or $147,000 prize. The award was established to bolster the Swiss textile industry, so $14,700 of the prize money is allocated for the winner to buy Swiss fabrics. They can go crazy with the rest, as long as they use it to make and market upcoming collections. The other six finalists vying for the prize included Ohne Titel, Thakoon, Alexis Mabille, Erdem, and Peter Pilotto. Last year, Rodarte won the award. Kate Mulleavy, who presented Wang with the prize, told British Vogue, "The investment made such a difference for us in the past year — we have taken the business in a direction we just couldn't have otherwise — and I'm sure it will change things for Alex too." Last year, Wang won the $200,000 CFDA/Vogue Fashion Fund award. Maybe next season he can have his after-party at the car wash instead of the gas station.